Gold prices in India extended their downward trend for the third consecutive session, with the precious metal falling to the significant level of Rs 1.25 lakh per 10 grams. This decline was primarily driven by a stronger Indian rupee and weak signals from international markets.
Key Details of the Price Movement
On 24 November 2025, gold of 99.5 per cent purity experienced a drop of Rs 700, settling at Rs 1,24,800 per 10 grams. This price is inclusive of all applicable taxes. The session marked the third straight day of losses, indicating a sustained bearish trend for the commodity.
Factors Influencing the Decline
The primary factors contributing to this price fall are a strengthening Indian rupee and weak global cues. A strong rupee makes gold imports cheaper, which typically puts downward pressure on domestic prices. Simultaneously, international gold markets were showing lackluster performance, which further influenced local market sentiment.
Market Implications and Outlook
This consistent decline in gold prices is being closely watched by investors and traders. For consumers, this may present a potential buying opportunity, while for investors, it signals a period of volatility. The trend highlights the interconnected nature of local currency movements and global commodity markets, and market participants will be monitoring these factors closely for future price direction.
